Rebranding Effort at Overlack to reflect European Ambitions
Chemicals distributor Overlack AG (Mönchengladbach, Germany) will change its name to OQEMA to better reflect its ambitions for growth across Europe, the company recently announced. The new name was chosen for its modern appeal and good memorabilty, Co-CEO Peter Overlack explained in an interview with CHEManager (see link below).
The group, which was originally founded in 1992, today comprises 20 companies in 17 countries. It has a staff of ca. 900 employees and an annual turnover of ca. EUR 650 mn. Although family controlled, the group went for additional growth capital from private equity / mezzanine finance provider Hannover Finanz (Hanover, Germany) in 2015, in order to finance the acquisitions of K.H. Klink Chemierohstoffe GmbH in Germany and Lansdowne Chemical plc in the United Kingdom.
Source: Overlack website, CHEManager http://www.chemanager-online.com/themen/chemikalien-distribution/aus-overlack-wird-oqema
HGE – DCG / 04.12.2017